What can you buy for £25m? Bolton, their ground, a hotel and 40-acres of land
October 9 – Ken Anderson, owner of English Championship Bolton Wanderers will sell his 94.45% stake in Burnden Leisure, the club’s holding company, for £25 million.
Finance
Newcastle loses court appeal as tax fraud investigation into player wages ramps up
By Paul Nicholson
October 6 – Newcastle United have lost the first legal round of the case against brought against them by the UK tax authorities. A court has ruled that the dawn raids on the club’s office on April 26 were legally authorised and that there are grounds to suspect the club has “systematically abused” the tax system.
UEFA probe into PSG spending opens with first interviews in Nyon
October 6 – UEFA’s investigation into whether Paris St Germain have broken financial fair play rules got under way this week with PSG officials summoned to UEFA’s headquarters, according to l’Equipe.
Ashley calling the Toon? Is Newcastle United ownership heading east?
October 5 – The financial rumour mill is again buzzing with talk that Mike Ashley could at last find a buyer at a price he would accept for Premier League Newcastle United.
One for you, more for me: Premier League chiefs clubs vote on handing Big 6 extra cash
October 4 – English Premier League club chiefs are gathering in London today for what is being touted in some quarters as one of the most important meetings since the league’s creation in 1992.
Real, Barca, Chelsea and Bayern stretch pay vs revenue benchmarks
October 4 – Despite talk of luxury taxes, salary caps and squad limits, the financial reality is that top clubs can afford the ever-inflating costs of players and staff, according to latest research from the KPMG Football Benchmark team.
West Ham warm to new shareholder after remaining Icelandic stake goes stateside
October 3 – Premier League West Ham United have a new 10% shareholder after the residual holding held by Iceland’s CB Holding, who gained the shares after the collapse of Iceland’s Stramur Investment Bank in 2009, sold to US investor Tripp Smith for an undisclosed sum.
Lukaku value jumps €56m, Mbappe up €50m, even Neymar is worth €28m more
October 2 – In what other business could your value to an employer go up by over €50 million in just three months, doing exactly the same job you were doing three months earlier? And if you are to be valued at that level, and you are an asset rather than an employee, wouldn’t the smart business person cash in on that value?
AC Milan owner Yonghong hunts for help with debt and new investors
October 2 – The uncertainty around AC Milan’s ownership is continuing with Li Yonghong, who only took over in April, already looking for new investors to share the burden of the debt at the loss-making club.
Celtic get city go-ahead to build £18 million hotel and museum
September 29 – Glasgow’s city council has given the greenlight for Celtic to build an £18 million hotel and museum complex around Celtic Park.
Absence of Champions League bonus helps Arsenal report a £44.6m profits bounce
By David Owen
September 28 – Arsenal, the North London club which finished a disappointing fifth in the Premier League last season, has unveiled a substantial rebound in profits.
Real Madrid hits €70m with Emirates deal as revenue breaks records
September 22- Real Madrid have renewed their shirt sponsorship deal with Dubai airline Emirates in a record value deal taking them through to the end of the 2020/21 season.
Man Utd pile on the profits despite rising costs
By David Owen
September 21 – Manchester United, flying high under José Mourinho at present, have got the new Premier League financial reporting season off to a solid start with a near 16% advance in annual pre-tax profits.
Everton’s new stadium at Bramley Moore Dock will boost economy by £1bn
September 21 – Everton’s plans for a new ground at Bramley Moore Dock has been estimated will give the local economy a £1billion boost, according to projections from property firm CBRE which is working with the club on the stadium project.
Barnsley’s £20m sale nears completion with Mr Beane in the wings with his data sheets
September 18 – The £20 million takeover of Championship club Barnsley looks likely to complete in the next two weeks when the English Football League complete their integrity tests on the proposed new ownership group of Chinese billionaire Chien Lee and US businessman Paul Conway.